Is Lower Queen Anne, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lower Queen Anne has remained a Seller's Market.
Key Takeaway
Lower Queen Anne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Queen Anne, WA
How much do homes in Lower Queen Anne, WA cost?
Median Sold Price
$604,950
$630/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lower Queen Anne have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Lower Queen Anne was $604,950 in April 2024, up 4.8% from last year, and the median price per square foot was $630.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $416K | $386.5K | -7.1% |
| 2 Bedrooms | $700K | $815K | +16.4% |
| 3 Bedrooms | $1.1M | $1.2M | +5.5% |
| 4 Bedrooms | $3.6M | $2.0M | -42.1% |
| 5+ Bedrooms | $3.0M | $2.5M | -15.8% |
Summary: Lower Queen Anne housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 42.1%, and 5+ bedroom homes decreased by 15.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Westlake | $525K | $600K | +14.3% |
| West Queen Anne | $1.0M | $1.1M | +13.7% |
| Lower Queen Anne | $577K | $604.9K | +4.8% |
| East Queen Anne | $950K | $992.5K | +4.5% |
| Queen Anne | $902.3K | $918.7K | +1.8% |
Housing Supply in Lower Queen Anne, WA
How many homes are available in Lower Queen Anne, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 57 | +16.3% |
Summary: The Lower Queen Anne real estate market had 57 homes for sale in April 2024, a 16.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 21 | +31.3% |
| 2 Bedrooms | 23 | 26 | +13.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lower Queen Anne housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 31.3%, 2 bedroom homes increased by 13%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Queen Anne, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Lower Queen Anne in April 2024, down by 21.4% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.
Days on Market for Lower Queen Anne, WA
How long does it take to sell a home in Lower Queen Anne, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 57 Days | +5.0% |
Summary: Homes in Lower Queen Anne had an average of 57 days on market in Apr 2024, up by 5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Queen Anne are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Lower Queen Anne; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.